Take-Two Third Quarter Fiscal 2010 Financial Results are now online, reporting: "Net revenue for the third fiscal quarter was $354.1 million, a sharp increase compared to $94.9 million reported for the same quarter of fiscal 2009." You can lose a lot of money on that kind of revenue, but the results go on to say: "Income from continuing operations for the third quarter was $12.4 million or $0.14 per diluted share, compared to a loss from continuing operations of $58.3 million or $0.76 per share in the third quarter of fiscal 2009. Excluding certain non-cash and non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, non-GAAP net income was $26.0 million or $0.28 per diluted share in the third quarter of fiscal 2010, compared to a non-GAAP net loss of $52.3 million or $0.68 per share in the third quarter of 2009." They cite strong sales of Red Dead Redemption as the main reason for the better-than-expected results. They also announce console noire-thriller L.A. Noire is delayed until the first half of next year.
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